Kirkland Advises Oaktree Acquisition Corp. on $1.6 Billion Business Combination with Hims, Inc.

Kirkland & Ellis advised Oaktree Acquisition Corp. (NYSE: OAC.U, OAC, OAC WS), a special purpose acquisition company sponsored by an affiliate of Oaktree Capital Management, L.P. (“Oaktree”), on its business combination with Hims, Inc. (“Hims & Hers”), a multi-specialty telehealth platform that connects consumers to licensed healthcare professionals, enabling them to access high quality medical care for numerous conditions. The combined company is expected to have an initial market capitalization of approximately $1.6 billion. Upon completion of the transaction, the combined company’s securities are expected to be traded on the New York Stock Exchange (NYSE) under the symbol “HIMS.” The transaction is expected to close in the fourth quarter of 2020. 

Read the press release from Hims & Hers

The Kirkland team was led by transactional partners Matthew Arenson and Nathan Davis and capital markets partners Christian Nagler and Peter Seligson, and also included transactional partner Hamed Meshki, capital markets partner Bradley Reed, healthcare partners Dennis Williams and Chad Ehrenkranz, and tax partner Michael Beinus.